GAP (NYSE:GPS) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Wednesday.

Several other research firms have also recently weighed in on GPS. B. Riley cut their price target on shares of GAP from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, August 24th. JPMorgan Chase & Co. cut their price target on shares of GAP from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, August 24th. Wedbush started coverage on shares of GAP in a report on Friday, August 10th. They issued a “neutral” rating and a $32.00 price target on the stock. Barclays set a $39.00 price target on shares of GAP and gave the company a “buy” rating in a report on Saturday, August 25th. Finally, Telsey Advisory Group upgraded shares of GAP from a “market perform” rating to an “outperform” rating and set a $39.00 price target on the stock in a report on Tuesday, May 15th. One equities research analyst has rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the company’s stock. GAP has an average rating of “Hold” and an average price target of $33.74.

Shares of GAP stock traded down $0.32 on Wednesday, hitting $28.36. The stock had a trading volume of 4,868,100 shares, compared to its average volume of 5,119,594. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.96. GAP has a one year low of $25.36 and a one year high of $35.68. The stock has a market capitalization of $11.13 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 1.24 and a beta of 0.62.

GAP (NYSE:GPS) last issued its earnings results on Thursday, August 23rd. The apparel retailer reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.04. GAP had a net margin of 5.43% and a return on equity of 29.25%. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter last year, the business earned $0.58 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. equities research analysts forecast that GAP will post 2.59 earnings per share for the current fiscal year.

In other GAP news, Director William Sydney Fisher sold 1,000,000 shares of the firm’s stock in a transaction on Tuesday, June 19th. The stock was sold at an average price of $32.37, for a total transaction of $32,370,000.00. Following the completion of the transaction, the director now owns 10,760,396 shares of the company’s stock, valued at $348,314,018.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 30.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of GAP by 0.8% in the 1st quarter. BlackRock Inc. now owns 17,263,705 shares of the apparel retailer’s stock worth $538,626,000 after purchasing an additional 133,362 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of GAP by 25.8% in the 1st quarter. JPMorgan Chase & Co. now owns 12,542,927 shares of the apparel retailer’s stock worth $391,339,000 after purchasing an additional 2,575,906 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of GAP by 41.9% in the 2nd quarter. Wells Fargo & Company MN now owns 4,137,469 shares of the apparel retailer’s stock worth $134,013,000 after purchasing an additional 1,221,383 shares during the last quarter. Northern Trust Corp raised its position in shares of GAP by 0.9% in the 1st quarter. Northern Trust Corp now owns 3,703,323 shares of the apparel retailer’s stock worth $115,543,000 after purchasing an additional 32,088 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of GAP by 5.5% in the 2nd quarter. Bank of Montreal Can now owns 3,075,518 shares of the apparel retailer’s stock worth $99,617,000 after purchasing an additional 160,961 shares during the last quarter. 58.04% of the stock is owned by institutional investors and hedge funds.

About GAP

Gap, Inc operates as a global apparel retail company. It offers apparel, accessories, and personal care products for men, women and children. The company operates through segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Intermix. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody and GapFit collections.

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Analyst Recommendations for GAP (NYSE:GPS)

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